Baldwin Oak LLC Acquires Office Building At 1925 Prospect Avenue In Orlando For $5.9M
SOLD
$5,900,000
Florida
See Similar DealsOffice206,040 SF
Sold 08/18/2020
SOLD
Baldwin Oak LLC Acquires Office Building At 1925 Prospect Avenue In Orlando For $5.9M
1925 Prospect Ave, Orlando, FL 32814, USA
See Similar DealsOffice206,040 SF
Sold 08/18/2020
Summary
FLORIDA
Asset Type:Office
Price Per Square Foot:$28
Total Square Footage:206,040 SF
Transaction Type:Sale
The office property located at 1925 Prospect Avenue in Orlando has been sold in a closed transaction. The property spans 20,604 square feet and was sold for a price of $5,900,000, resulting in a price per square foot of $286. The seller of the property was CDLP Properties LLC, while the buyer was Baldwin Oak LLC.
Summary of transaction details
- Property Type: Office
- Transaction Amount: $5,900,000
- Square Footage: 20,604
- Price per Square Foot: $286
- Seller: CDLP Properties LLC
- Buyer: Baldwin Oak LLC
- Broker: Darryl Hoffman – JLL
Darryl Hoffman of JLL represented the buyer, Baldwin Oak LLC, in this transaction.
Players
Details
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Deal Type
30 years
10 years
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)
$314,666.67
Debt Service Coverage Ratio (DSCR)
0.94x
Cap Rate
5.33%
Cash Flow (Annual)-$20,961.45
Cash-on-Cash Return-1.27%
Monthly Debt Service$27,969.01
Annual Debt Service$335,628.12
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